In technical analysis, "accumulation" is a market phase where the price moves sideways, oscillating within a narrow range after a period of decline. This is typically considered the time when large investors begin buying (or accumulating) the asset.

• Accumulation Phase: Analysts often assess that CELO has been, or is currently, going through accumulation periods. This is seen as an opportunity for investors to buy in gradually (DCA - Dollar-Cost Averaging), anticipating a strong upward move (a breakout) in the future.

• Growth Potential: CELO's potential is often tied to the expansion of its mobile-first DeFi ecosystem, attracting users and increasing the demand for stablecoins on Celo (such as cUSD, cEUR).#celo #hold #Trust